The two largest North American printers are becoming one: Wisconsin-based Quad/Graphics will buy its primary competitor, print services provider LSC Communications (the print spin-off from RR Donnelley). The all-stock deal is valued by the company at about $1.4 billion (perhaps expressing the enterprise value, since the value of the stock exchange looks to be more like $380 million). LSC shareholders will receive 0.625 shares of Quad Class A common stock for each LSC share they own, paying what’s deemed a premium of 34 percent. The acquisition, not expected to close until mid-2019 and pending shareholder and regulatory approval, would nearly […]
